September 20, 2018

Romania – 5th largest wheat grower in 2011

According to the National Statistics Bureau, in 2011Romania was ranked second among the Eurozone’s corn growing countries. In addition, the country became the fifth largest wheat grower in 2011. Year-on-year, … [Read more...]

At the end of Q1 2012, Romanian deficit totaled EUR 778 mln

According to data from the Ministry of Public Finance, at the end of the first quarter (Q1) of 2012 the deficit totaled EUR 778 million, in line with the IMF target which recommends Romania to lower the … [Read more...]

Praktiker Romania: sales drop 11.2 % in Q1 2012

Praktiker Romania’s sales in the first quarter of this year amounted to EUR 32.1 million down 10.6 %. The German DIY retailer’s sales on the local market have been on downward trend since 2008. In … [Read more...]

Favero clinic launches in Romania

Italian clinic chain Favero will launch on the Romanian market starting June, after an investment of EUR 500,000. The clinic offers dental medical services and will have a mixed team of Italian and Romanian … [Read more...]

Romanian President Traian Basescu designates PSD’s Chairman Ponta as prime minister

On Friday, chairman of the opposition Social Democratic Party (PSD) Victor Ponta, also co-chair of the opposition Social Liberal Union (USL) of PSD, the National Liberal Party (PNL) and the Conservative … [Read more...]

Victor Ponta: On Tuesday we’ll finalize list of Government. On May 7 we report to the Parliament for investiture

The new Premier Designate Victor Ponta said that on May 1 he would present the Social Liberal Union the list of nominations for the ministers' portfolios and on May 7 he would report for Parliament to … [Read more...]

We entered the Romanian market too late – Google VP

Mohammad Gawdat, Google vice president for emerging markets, said in an interview that his biggest regret is that the company did not enter the Romanian online market sooner, since the market was ready … [Read more...]

National currency affected by the Government’s ouster: Exchange rate at 4.4 lei per Euro

After the fall of the Ungureanu cabinet by no-confidence vote, the Euro was sold for 4.4 lei on the inter-banking market, a level close to the June 2010 quota when Romania took unprecedented austerity … [Read more...]

Radisson Blu Hotel, Bucharest – “Hotel of the year” in Romania

The Award

Radisson Blu Hotel, Bucharest received the award for “Hotel of the year” in Romania, at the Excellence Awards Ceremony of the Hotel Tourism & Leisure Investment Conference. Hotel Tourism & … [Read more...]

Brownfield developments waiting for the green light

Legal uncertainties and costly clean-up procedures have so far discouraged investors from investing in brownfield redevelopments in Romania, who continue to prefer greenfield projects. However, in the … [Read more...]

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